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Cisco to acquire Splunk

September 22, 2023SSN Staff

SAN JOSE and SAN FRANCISCO, Calif. — Cisco and cybersecurity software company Splunk have announced a definitive agreement under which Cisco intends to acquire Splunk for $157 per share in cash, representing approximately $28 billion in equity value. Cisco reported that upon close of the acquisition, Splunk President and CEO Gary Steele will join Cisco’s executive leadership team reporting to Chair and CEO Chuck Robbins. In a release issued on the acquisition the parties...

Chuck Robbins, Cisco, Cybersecurity, Gary Steele, Splunk